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Pixelworks (PXLW) — Pixelworks designs, develops and markets video and pixel-processing semiconductors and software for high-end digital video applications. Some of the company’s technology was showcased at the 2014 Consumer Electronics Show on Ultra-HD TVs.

On May 8, Pixelworks reported a Q1 loss of 4 cents, beating analysts’ estimates of a 7-cent loss, thus beating forecasts by 3 cents. Revenues of $13.5 million also topped the Street, which estimated sales of $13.1 million.

Pixelworks’ stock popped to $9.05 on March 6 but succumbed to high-volume profit-taking and retreated to $4.68 last week. Since our buy point was at $5.50, hopefully some readers bought PXLW. The stock is under accumulation and is one of Benzinga’s Top Performers.

PXLW has closed the huge gap opened in March (a positive) and reversed from its 200-day moving average on May 8. On Wednesday, Pixelworks flashed a special CBR Buy signal as well as a new MACD buy. The stock should be bought at any time under $6 with a trading target of $8.50.

Note: Pixelworks is a highly speculative investment and not suitable for many investors with limited resources.